Amber Enterprises' shares jumped 9% following reports that the company is planning to demerge its electronics division. As per CNBC TV-18, Amber Enterprises will separate its electronics division and may eventually launch an IPO for the demerged unit.
The Indian IT sector, including companies like Wipro, Infosys, HCLTech, and Tech Mahindra, has undergone significant leadership changes, with many firms favoring internal promotions for key roles to ensure stability. Notable exits and appointments highlight strategic shifts and succession planning as priorities for these companies.
The Tirumala Tirupati Devasthanams opened online bookings for Vaikunta Ekadasi Darshan at the Lord Venkateswara Temple. The event is from January 10 to 19, 2025. Special Entry Darshan Tickets are available online from December 24, 2024. Slotted Sarva Darshan tokens will be distributed at various centers. Facilities for pilgrims include free food, laddu distribution, and traffic management.
William and Zachary Zulock from Georgia have been convicted of sexually abusing their two adopted sons. They were each sentenced to 100 years in prison without parole. The Zulocks adopted the boys from a Christian special-needs agency but abused them, filmed the acts, and shared the material online. The case came to light in 2022.
Anand Radhakrishnan, MD of Sundaram Mutual, highlights market trends and economic growth, pointing out a cyclical slowdown and discusses stock market outloook for 2025. He explains how mid and smallcap stocks outperformed largecaps and discusses the performance of private banks. Radhakrishnan emphasizes cautious policy measures and potential investment opportunities, noting the importance of global and domestic liquidity in the future.
A total of 3,956 shares changed hands on the counter till 12:07PM (IST)
Nitish Kumar, Bihar's long-serving chief minister, rejoined the BJP, altering his political stance once again. This move caused significant upheaval, diminishing the INDIA bloc he helped form. Despite controversies and challenges, Bihar continued to make notable progress, attracting record business investments.
The stock traded at a P/E multiple of 6.32, while the price-to-book value ratio stood at 1.14.
Rahul Gandhi criticizes the government for being oblivious to the struggles of people facing rising food prices. During his visit to a vegetable market, he notes how inflation has made it difficult for households to manage even essential expenses. The Congress party also accuses the government of failing to address economic issues like unemployment and price hikes.
The Ministry of Youth Affairs and Sports assures that Olympic medallist Manu Bhaker's name is likely to be included in the final list of nominees for the Dhyan Chand Khel Ratna award. Despite initial reports of her omission, the final list will be decided soon, with Bhaker's significant achievements being recognized.
A total of 53,650 shares changed hands on the counter till 11:56AM (IST).
Odisha Police has released the provisional answer key for the Junior Clerk examination held in November-December 2024. Candidates can check the answer key on the official website and raise objections by December 27, 2024. A fee of Rs 250 per question is required for objections, which will be refunded if found valid. Visit odishapolice.gov.in for details.
The Indian automobile industry is transitioning from vehicle manufacturing to providing mobility solutions. Automakers are set to showcase eco-friendly technologies at the Bharat Mobility Global Expo 2025. The focus includes electric vehicles, hybrids, and alternative fuels. Rising costs may drive up vehicle prices.
United States National Security Advisor Jake Sullivan held discussions with Bangladesh's Chief Adviser Muhammad Yunus, reaffirming the United States' commitment to supporting a prosperous, stable, and democratic Bangladesh. Both leaders emphasized the importance of protecting human rights and addressing current challenges, following the ouster of former Prime Minister Sheikh Hasina.
A total of 5,803 shares changed hands on the counter till 11:51AM (IST).
The stock traded at a P/E multiple of 16.72, while the price-to-book value ratio stood at 1.70.
Promoters held 52.63 per cent stake in the company as of 30-Sep-2024, while FII and DII ownership stood at 21.23 per cent and 8.94 per cent, respectively.
12 equity and mutual funds crossed Rs 1,000 NAV in 2024. Funds like Nippon India Growth Fund and Franklin India Flexi Cap led with impressive returns, ranging from 11.84% to 31.27%.
Today Wordle Answer: Wordle, a game developed by Josh Wardle, challenges players to guess a five-letter word within six attempts using color-coded hints. Originating as a gift, it became a global phenomenon and was acquired by The New York Times. Today’s Wordle word is 'EAGLE,' a noun with three vowels, one repeating letter, and means a large bird of prey.
AI often makes up factual-like information called as hallucinations. Although this "flaw" of AI is often criticized, innovators have a different opinion on the same. They believe it is useful and can help scientists track cancer, design drugs, invent medical devices, uncover weather phenomena and even win the Nobel Prize.
The ED has taken possession of a flat worth Rs 55 lakh in Thane linked to Dawood Ibrahim's brother Iqbal Kaskar. The flat was allegedly extorted by Kaskar and others from a real estate developer in 2017. The agency had attached the flat under the PMLA, and the formal possession process was completed recently. Kaskar is currently in jail.
The IPO of Unimech Aerospace, after a strong start on the first day, has been subscribed 5.03 times on the second day, driven by high demand from retail and non-institutional investors (NIIs). Retail investors subscribed 5.66 times, while NIIs subscribed 5.6 times.
